Groupon, Inc. (NASDAQ:GRPN) Downgraded by Vetr Inc. to “Strong Sell”

Groupon, Inc. (NASDAQ:GRPN) was downgraded by research analysts at Vetr from a “strong-buy” rating to a “strong sell” rating in a note issued to investors on Thursday, November 2nd. They presently have a $3.68 target price on the coupon company’s stock. Vetr‘s price target would indicate a potential downside of 34.52% from the stock’s current price.

GRPN has been the topic of several other research reports. B. Riley increased their target price on shares of Groupon from $5.50 to $6.30 and gave the company a “buy” rating in a report on Wednesday, October 18th. BidaskClub lowered shares of Groupon from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Barclays PLC reaffirmed an “underweight” rating and set a $3.85 target price (up previously from $3.40) on shares of Groupon in a report on Thursday, August 3rd. DA Davidson assumed coverage on shares of Groupon in a report on Friday, September 22nd. They set a “buy” rating and a $5.00 target price on the stock. Finally, Goldman Sachs Group, Inc. (The) reissued a “sell” rating and issued a $4.70 price target on shares of Groupon in a report on Wednesday, October 11th. Seven research analysts have rated the stock with a sell rating, nine have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $4.94.

Groupon (GRPN) traded up $0.11 during trading on Thursday, hitting $5.62. 8,028,630 shares of the stock traded hands, compared to its average volume of 8,697,483. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.86 and a current ratio of 0.86. Groupon has a 12-month low of $2.90 and a 12-month high of $5.70.

Groupon (NASDAQ:GRPN) last posted its quarterly earnings data on Wednesday, November 1st. The coupon company reported $0.01 earnings per share for the quarter. The firm had revenue of $634.46 million for the quarter, compared to analysts’ expectations of $642.62 million. Groupon had a negative net margin of 2.97% and a negative return on equity of 1.47%. The business’s quarterly revenue was down 7.6% on a year-over-year basis. During the same quarter last year, the company posted ($0.01) EPS. equities analysts forecast that Groupon will post -0.02 earnings per share for the current year.

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In other Groupon news, insider James Sullivan sold 25,000 shares of Groupon stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $5.29, for a total value of $132,250.00. Following the completion of the transaction, the insider now directly owns 350,919 shares of the company’s stock, valued at $1,856,361.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Brian Stevens sold 10,000 shares of Groupon stock in a transaction that occurred on Thursday, August 24th. The stock was sold at an average price of $4.04, for a total transaction of $40,400.00. Following the completion of the sale, the chief accounting officer now owns 215,696 shares of the company’s stock, valued at $871,411.84. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,310,000 shares of company stock valued at $10,180,150. 23.40% of the stock is currently owned by corporate insiders.

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Groupon by 8.1% in the second quarter. Vanguard Group Inc. now owns 32,453,440 shares of the coupon company’s stock worth $124,620,000 after acquiring an additional 2,430,907 shares during the period. First Trust Advisors LP grew its stake in shares of Groupon by 43.4% in the second quarter. First Trust Advisors LP now owns 16,324,191 shares of the coupon company’s stock worth $62,685,000 after acquiring an additional 4,937,648 shares during the period. Allianz Asset Management GmbH grew its stake in shares of Groupon by 28.7% in the third quarter. Allianz Asset Management GmbH now owns 8,925,535 shares of the coupon company’s stock worth $46,413,000 after acquiring an additional 1,989,085 shares during the period. State Street Corp grew its stake in shares of Groupon by 38.2% in the second quarter. State Street Corp now owns 8,827,043 shares of the coupon company’s stock worth $33,898,000 after acquiring an additional 2,440,783 shares during the period. Finally, Sumitomo Mitsui Asset Management Company LTD grew its stake in shares of Groupon by 40.2% in the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 8,451,180 shares of the coupon company’s stock worth $43,946,000 after acquiring an additional 2,421,825 shares during the period. Hedge funds and other institutional investors own 55.44% of the company’s stock.

Groupon Company Profile

Groupon, Inc operates online local commerce marketplaces around the world that connect merchants to consumers by offering goods and services at a discount. The Company operates through three segments: North America, which represents the United States and Canada; EMEA, which consists of Europe, and the Middle East and Africa, and the remainder of its international operations (Rest of World).

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Groupon (NASDAQ:GRPN)

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